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Razorpay Software
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RAZORPAY SOFTWARE PRIVATE LIMITED

razorpay.com

Active

Updated: 05 Nov 2024

Razorpay Software Private Limited provides online payment services.

Razorpay Software Private Limited, also popularly known as Razorpay, is an unlisted private company incorporated on 24 May, 2013. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 1,500.00 cr and the total paid-up capital is INR 407.95 cr.

Industry

Computer Related Services

Products

Smart Collect, Invoices, Subscriptions, Payment Gateway, Payment Links, Route

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

7.54%

₹ 2,438.8

EBITDA

59.26%

₹ 74.5

Net Profit

300.29%

₹ 41.9

Networth

5.77%

₹ 765.2

Borrowings

₹ -

Assets

71.36%

₹ 2,487.9

Gross Margin

100.0 %

Operating Margin

1.0

3.1 %

Net Profit Margin

1.24

1.7 %

Return on Equity

4.02

5.5 %

ROCE

4.05

5.0 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (9)

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Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Maharashtra

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	508.9	841.2	1,481.2	2,267.7	2,438.8
Operating profit	-13.0	22.2	34.4	46.8	74.5
Net profit	-6.2	6.2	7.4	10.5	41.9
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	-2.6	2.6	2.3	2.1	3.1
Net margin	-1.2	0.7	0.5	0.5	1.7
Networth	247.5	253.3	426.0	723.5	765.2
Borrowings	-	-	-	-	-
Assets	901.4	452.2	820.5	1,451.8	2,487.9
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	1.3	2.1	2.0	1.8	1.3
ROE	-2.5	2.4	1.7	1.4	5.5
Days payable	-	-	-	-	-
WC days	148.0	81.0	81.0	91.0	85.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	7.0	7.0	7.1	7.1	7.3
Reserves	240.6	246.3	418.9	716.4	758.0
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	20.5	82.1	143.7	148.5	185.4
Days payable	-	-	-	-	-
Other liabilities +	653.9	198.9	394.5	728.4	1,722.7
Other non-current liabilities	3.8	31.5	53.9	54.9	52.6
Other current liabilities	629.6	85.3	196.9	524.9	1,484.7
Total liabilities	901.4	452.2	820.5	1,451.8	2,487.9
Fixed Assets +	21.2	56.3	95.1	108.3	96.3
Tangible assets	19.6	54.7	87.0	103.3	93.1
CWIP	-	0.2	1.9	-	-
Intangible assets	1.6	1.5	6.2	5.0	3.2
LT loans and advances	22.9	-	-	-	-
Other non-current assets	1.5	40.7	56.9	102.1	153.4
Current assets +	855.9	355.1	668.5	1,241.4	2,238.2
Inventories	-	-	-	-	-
Trade receivables	10.8	32.7	228.7	112.5	68.5
Cash and cash equivalents	418.7	203.4	365.2	909.5	889.1
ST loans and advances	35.0	35.3	8.3	9.7	18.1
Other current assets	391.3	83.6	66.2	209.8	1,262.6
Total assets	901.4	452.2	820.5	1,451.8	2,487.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.77	1.54	0.86	0.49	0.29
Reserves	26.69	54.48	51.06	49.34	30.47
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	2.28	18.17	17.51	10.23	7.45
Other liabilities +	72.54	43.99	48.08	50.17	69.24
Other non-current liabilities	0.42	6.96	6.57	3.78	2.11
Other current liabilities	69.84	18.86	24.0	36.16	59.68
Total liabilities
Fixed Assets +	2.35	12.46	11.59	7.46	3.87
Tangible assets	2.18	12.09	10.61	7.12	3.74
CWIP	0.0	0.03	0.23	0.0	0.0
Intangible assets	0.17	0.34	0.76	0.34	0.13
LT loans and advances	2.54	0.0	0.0	0.0	0.0
Other non-current assets	0.16	9.01	6.93	7.03	6.17
Current assets +	94.95	78.53	81.47	85.51	89.96
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	1.2	7.24	27.88	7.75	2.75
Cash and cash equivalents	46.45	44.98	44.51	62.64	35.74
ST loans and advances	3.89	7.82	1.02	0.67	0.73
Other current assets	43.41	18.5	8.06	14.45	50.75
Total assets

	Mar 2022	Mar 2023	Mar 2024
Equity Capital	7.1	7.1	7.3
Reserves	418.9	713.2	746.4
Borrowings +	-	-	-
Long term borrowings	-	-	-
Short term borrowings	-	-	-
Trade payables +	143.7	159.4	203.4
Days payable	-	-	9,668.0
Other liabilities +	394.5	745.8	1,761.7
Other non-current liabilities	53.9	55.4	53.6
Other current liabilities	196.9	531.0	1,504.7
Total liabilities	820.5	1,466.1	2,515.3
Fixed Assets +	95.1	118.8	104.7
Tangible assets	87.0	103.4	93.1
CWIP	1.9	-	-
Intangible assets	6.2	15.4	11.5
LT loans and advances	-	-	-
Other non-current assets	56.9	89.5	126.3
Current assets +	668.5	1,257.8	2,284.3
Inventories	-	-	-
Trade receivables	32.5	122.9	88.6
Cash and cash equivalents	365.2	913.5	902.1
ST loans and advances	8.3	9.7	1.1
Other current assets	262.4	211.7	1,292.4
Total assets	820.5	1,466.1	2,515.3

Percentage of assets	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.86	0.48	0.29
Reserves	51.06	48.65	29.67
Borrowings +	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0
Trade payables	17.51	10.87	8.09
Other liabilities +	48.08	50.87	70.04
Other non-current liabilities	6.57	3.78	2.13
Other current liabilities	24.0	36.22	59.82
Total liabilities
Fixed Assets +	11.59	8.1	4.16
Tangible assets	10.61	7.05	3.7
CWIP	0.23	0.0	0.0
Intangible assets	0.76	1.05	0.46
LT loans and advances	0.0	0.0	0.0
Other non-current assets	6.93	6.1	5.02
Current assets +	81.47	85.79	90.82
Inventories	0.0	0.0	0.0
Trade receivables	3.96	8.38	3.52
Cash and cash equivalents	44.51	62.31	35.87
ST loans and advances	1.02	0.66	0.04
Other current assets	31.99	14.44	51.38
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	508.9	841.2	1,481.2	2,267.7	2,438.8
Sales growth %	163.66	65.29	76.08	53.1	7.54
Expenses +	525.4	838.9	1,476.5	2,267.3	2,410.8
Cost of goods	-	-	-	-	-
Employee cost	120.5	212.9	372.5	624.9	589.0
Other costs	401.4	606.1	1,074.3	1,596.0	1,775.2
Operating profit +	-13.0	22.2	34.4	46.8	74.5
Operating margin %	-2.6	2.6	2.3	2.1	3.1
Other income	10.5	3.5	4.5	13.7	27.7
Interest	0.1	3.1	4.4	5.8	5.0
Depreciation	3.3	16.8	25.3	40.6	41.6
Exceptional items	-	-	-	-	-
Profit before tax	-6.0	5.7	9.2	14.0	55.7
Tax	0.2	-0.5	1.8	3.6	13.8
Profit - disc. ops	-	-	-	-	-
Net profit	-6.2	6.2	7.4	10.5	41.9
Net margin %	-1.2	0.7	0.5	0.5	1.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	97.98	99.59	99.7	99.4	98.88
Expenses +	101.15	99.32	99.38	99.38	97.74
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	23.21	25.21	25.07	27.39	23.88
Other costs	77.28	71.75	72.31	69.96	71.97
Operating profit	-2.51	2.63	2.31	2.05	3.02
Other income	2.02	0.41	0.3	0.6	1.12
Interest	0.02	0.37	0.29	0.25	0.2
Depreciation	0.64	1.99	1.7	1.78	1.69
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-1.15	0.68	0.62	0.62	2.26
Tax	0.03	-0.05	0.12	0.16	0.56
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-1.18	0.73	0.5	0.46	1.7

	Mar 2022	Mar 2023	Mar 2024
Sales +	1,481.2	2,279.3	2,475.1
Sales growth %	None	53.89	8.59
Expenses +	1,476.5	2,283.2	2,454.3
Cost of goods	-	-	7.7
Employee cost	372.5	637.5	611.7
Other costs	1,074.3	1,597.8	1,786.2
Operating profit +	34.4	44.0	69.6
Operating margin %	2.3	1.9	2.8
Other income	4.5	14.0	26.4
Interest	4.4	5.8	5.1
Depreciation	25.3	42.0	43.7
Exceptional items	-	-	-
Profit before tax	9.2	10.2	47.1
Tax	1.8	2.9	13.6
Profit - disc. ops	-	-	-
Net profit	7.4	7.3	33.5
Net margin %	0.5	0.3	1.3

Precentage of total income	Mar 2022	Mar 2023	Mar 2024
Sales	99.7	99.39	98.95
Expenses +	99.38	99.55	98.12
Cost of goods	0.0	0.0	0.31
Employee cost	25.07	27.8	24.45
Other costs	72.31	69.67	71.41
Operating profit	2.31	1.92	2.78
Other income	0.3	0.61	1.05
Interest	0.29	0.25	0.2
Depreciation	1.7	1.83	1.75
Exceptional items	0.0	0.0	0.0
Profit before tax	0.62	0.45	1.88
Tax	0.12	0.13	0.54
Profit - disc. ops	0.0	0.0	0.0
Net profit	0.5	0.32	1.34

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	3.6	1.8	1.9	2.0	3.2
Liquidity +
Current Ratio	1.3	2.1	2.0	1.8	1.3
Quick Ratio	1.3	2.1	2.0	1.8	1.3
Interest Coverage	-107.1	7.1	7.8	8.1	15.0
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	-2.6	2.6	2.3	2.1	3.1
Net Margin	-1.2	0.7	0.5	0.5	1.7
Return +
Return on Equity	-2.5	2.4	1.7	1.4	5.5
Pre-tax ROCE	-7.2	2.2	2.1	0.9	5.0
Return on Assets	-0.7	1.4	0.9	0.7	1.7
Pre-tax ROIC	-6.6	2.1	2.1	0.8	4.3
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	8.0	14.0	56.0	18.0	10.0
Fixed Asset Turnover	24.0	14.9	15.6	20.9	25.3
Total Asset Turnover	0.6	1.9	1.8	1.6	1.0
Working Capital
Cash Conversion Cycle	8.0	14.0	56.0	18.0	10.0
Working Capital Days	148.0	81.0	81.0	91.0	85.0

	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0
Total Assets/Equity	1.9	2.0	3.3
Liquidity +
Current Ratio	2.0	1.8	1.3
Quick Ratio	2.0	1.8	1.3
Interest Coverage	7.8	7.6	13.6
Performance
Gross Margin	100.0	100.0	99.7
Operating Margin	2.3	1.9	2.8
Net Margin	0.5	0.3	1.3
Return +
Return on Equity	1.7	1.0	4.5
Pre-tax ROCE	2.1	0.3	3.8
Return on Assets	0.9	0.5	1.3
Pre-tax ROIC	2.1	0.3	3.4
Efficiency +
Days Payable	-	-	9,668.0
Days Inventory	-	-	4.0
Days Receivable	8.0	20.0	13.0
Fixed Asset Turnover	15.6	19.2	23.6
Total Asset Turnover	1.8	1.6	1.0
Working Capital
Cash Conversion Cycle	8.0	20.0	-9,651.0
Working Capital Days	81.0	91.0	85.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Director	Harshil Mathur Shareholder	06549915	12 years
Kmp	Harshil Mathur	<HIDDEN>	3 years
Managing Director	Shashank Kumar	06556746	12 years
CS	Prabhakar Tiwari	<HIDDEN>	3 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
JHKP TECHNOLOGIES PRIVATE LIMITED	Active	2.7 L	1	Maharashtra
RZPX PRIVATE LIMITED	Active	8.7 Cr	2	Karnataka
RAZORPAY TECH SOLUTIONS PRIVATE LIMITED	Active	58.7 L	1	Karnataka
MARSSHOT VENTURES LLP	Active	1.4 Cr	2	Karnataka
EZETAP MOBILE SOLUTIONS PRIVATE LIMITED	Active	78.9 L	1	Karnataka
VIVERATI INTERACTIVE MARKETING PRIVATE LIMITED	Active	1.2 L	1	Karnataka
RAZORPAY TECHNOLOGIES PRIVATE LIMITED	Active	2.9 Cr	2	Karnataka
RAZORPAY FINANCIAL AGGREGATOR PRIVATE LIMITED	Active	1.1 L	1	Karnataka
AMYGO RETAIL PRIVATE LIMITED	Active	1.0 L	1	Karnataka
RAZORPAY FINANCIAL SERVICES PRIVATE LIMITED	Active	2.9 Cr	1	Karnataka
RAZORPAY SERVICES PRIVATE LIMITED	Active	34.0 L	1	Maharashtra

Registered Details

CIN

U72200KA2013PTC097389

PAN

AAGCR4375J

Incorporation

2013, 11.9 years

Company Email

Company-Secretary@Razorpay.com

Paid up Capital

₹ 407.9 Cr

Authorised Capital

₹ 1,500.0 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - RAZORPAY SOFTWARE PRIVATE LIMITED

What is the incorporation date of RAZORPAY SOFTWARE PRIVATE LIMITED?

The incorporation date of RAZORPAY SOFTWARE PRIVATE LIMITED is 24 May, 2013

What is the authorized share capital of RAZORPAY SOFTWARE PRIVATE LIMITED?

The authorized share capital of RAZORPAY SOFTWARE PRIVATE LIMITED is INR ₹ 1,500.0 Cr.

What is the paid-up capital of RAZORPAY SOFTWARE PRIVATE LIMITED?

The paid-up capital of RAZORPAY SOFTWARE PRIVATE LIMITED is INR ₹ 407.9 Cr.

What is the registered address of RAZORPAY SOFTWARE PRIVATE LIMITED?

The registered address of RAZORPAY SOFTWARE PRIVATE LIMITED is 1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi NA Bangalore Bangalore Karnataka - 560030

What is the CIN number of RAZORPAY SOFTWARE PRIVATE LIMITED?

The CIN number of RAZORPAY SOFTWARE PRIVATE LIMITED is U72200KA2013PTC097389.

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